Daily Kos has recently been abuzz with speculation that the coming Presidential election will play out similarly to that of 1932 -- a dramatic realignment election that puts Dems on top for a generation. DHinMI advanced this argument in a very good three-partseries last month. Today, New Deal democrat provides more evidence of this phenomenon by pointing out that economic conditions were similar in some ways then to how they are now.

It's an interesting, if optimistic, argument, but I disagree with one of its underlying assumptions -- particularly if Barack Obama becomes the Democratic nominee. In that eventuality, I think Woodrow Wilson's campaign in 1912, rather than Franklin Roosevelt's in 1932, is more likely to serve as a useful model for the 2008 election.